pay the rent (1 Viewer)
- Thread starter covboy9
- Start date
covcity4life
Well-Known Member
So simple. Cheeky.
malkitccfc
Well-Known Member
until the rent is due for the next month!
AFCCOVENTRY
Well-Known Member
Sell Clarke to Newcastle instead....
SkyBlue_Bear83
Well-Known Member
I could only imagine the uproar from here if we were to sell one of our young promising players to cover debt, probably the same people who don't think the rent should be reduced
covcity4life
Well-Known Member
So so true
dongonzalos
Well-Known Member
Would be great if rod, brown, bells, balls, elliots wages could go like kilbanes. still think we have a strong enough squad without them. If we could offer them a pay off. They would get it and still get a new club. The money saved could go to the rent. Obviously the pay off is not relevant for ball and Brown
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covcity4life
Well-Known Member
January could be busy
Why all this shit about selling players to pay the rent............SISU have more than enough to pay, the dispute has not been about ability to pay its been about refusalto pay and heavy hand negotiation tactics. We don't need to be losing Christie just as we are getting a settled team.
If we could just clear out the shite like Hussey, R'od, Bell, Brown etc and get them off the wage bill, that would be a start.
If we could just clear out the shite like Hussey, R'od, Bell, Brown etc and get them off the wage bill, that would be a start.
JWC
Well-Known Member
Agreed. Why start getting rid of players who are only just starting to show their potential? Clearing the wage bill by getting rid a few of the fringe players who are unlikely to feature regularly is the obvious simple option. We have one of the biggest squads in the league. I'd be gutted if we lost Christie, he's one of the most exciting young prospects we've had for a while.
The trouble is they have to sell at least one player for a million or more to cover this years loss anyway,they're budgeting for £200k rent have lost kilbane at lest £150k. saved there and given another £100k. matchday sales so should'nt need to sell anyone to pay the rent deal offered.:thinking about:
georgehudson
Well-Known Member
they, the owners, care not one jot about you or i,
they look at our youth production with a view as to how much & how quickly they can gain money,
we have to put up with these asset strippers until there is an alternative,
PUSB & FOS
they look at our youth production with a view as to how much & how quickly they can gain money,
we have to put up with these asset strippers until there is an alternative,
PUSB & FOS
mrtickle
Member
I might be wrong but I'm sure I read an article where acl stated they'd drop the rent but with conditions it went up when we got promoted. They keep saying how much they'd cut it by but never mention what it would go up to if we get promoted. For all those who hate the arena you have short memories. HR road was shit. The facilities were crap, the away fans always seemed to our sing us by where they were placed. The Ricoh could have been such a better home if we'd owned it from the beginning.
The info you refer to is out there MR t.
Otis
Well-Known Member
Grendel
Well-Known Member
The football club is making losses so this is a dumb statement.
Are you saying SISU should use money from other sources in the portfolio to prop a loss making entity? Please explain why and how they would justify this to their investors.
SkyBlue_Bear83
Well-Known Member
Go look at the what should happen next thread by Dong, 25% of our 'supporters' think we should either
Continue paying the rent we agreed to initially or want ACL to sue us for millions of pounds
I could find numerous quotes from the past 6 months of people saying things along the lines of or implying either that they don't want or think the rent should be reduced
Grendel
Well-Known Member
The well worn phrase is "if I have a mortgage I can't get it reduced so why should SISU?", "Pay what you owe" blah blah blah
Interestingly if Panorama did an expose with landlords charging homeless tenants 5 times the going rate to live in an area I suspect most would sympathise with the tenant non the landlord.
stupot07
Well-Known Member
You would think so yes.......where have you been hiding to miss all this?
SkyBlue_Bear83
Well-Known Member
Yes we should, that is why I am so perplexed at those who give the impression that they don't
ccfcway
Well-Known Member
surely ACL have offered to reduce the rent ?
Otis
Well-Known Member
Well yep, that's what's confusing me.
We have already had an offer to reduce the rent. Are people saying ACL shouldn't offer the reduction? That would be madness and suicidal for the club wouldn't it.
There have been too many threads on the Ricoh rent situation for my liking and I have stopped reading many of them to be honest.
We have already had an offer to reduce the rent. Are people saying ACL shouldn't offer the reduction? That would be madness and suicidal for the club wouldn't it.
There have been too many threads on the Ricoh rent situation for my liking and I have stopped reading many of them to be honest.
In reality they should ,they are both banker and debtor ,no one else ,if it were any other club the lender is exposed to the losses they risk ,no one else.,They are more the loan shark, load debt on the club, then leverage the Major asset.
Grendel
Well-Known Member
But it is one asset and a separate entity. Look at Tata -- all business in the portfolio run independently. Corus Steel is struggling. Factories have been closed. The profits from JLR would never be used to subsidise the losses. All business should be viewed as stand alone.
Wrenstreetcarpark
New Member
Its not about the rent.
It makes headlines and Fisher blusters to get everyone worked up.
It is not about the rent. These people, every week, "distress" companies so that they can take them and strip the assets and move on with the profit.
Fisher and Seppala are only doing what they do every day. Its just that we are in their sights right now that we get worked up. We see this picture. We are in this picture. They only see this as a project. One day its an engineering company in Germany, the next a chain of shoe shops in France or a mobile B&Q, it doesn't matter to them. Kill the company, take it, strip it spit it out. Profit. Move on. That is Sisu. That is Seppala.
It makes headlines and Fisher blusters to get everyone worked up.
It is not about the rent. These people, every week, "distress" companies so that they can take them and strip the assets and move on with the profit.
Fisher and Seppala are only doing what they do every day. Its just that we are in their sights right now that we get worked up. We see this picture. We are in this picture. They only see this as a project. One day its an engineering company in Germany, the next a chain of shoe shops in France or a mobile B&Q, it doesn't matter to them. Kill the company, take it, strip it spit it out. Profit. Move on. That is Sisu. That is Seppala.
What I'm saying Kd ,i think you get me ,this is'nt about the level of rent this is about destabalising the partner company to pick it off to compensate bad investnment choices .There is absolutely no chance ,without knocking over ACL they make any where near their money back,they are playing with my and your team/club to ressurect their portfolio which is highly damaged .their influence on affairs is based on fear ,generated through them to the fans. They have no right to expect any other outcome than a bank who'd lent £45m. on a risk venture and lost.
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señor Santiago
Well-Known Member
This is why we should of gone into administration years ago, we can't keep selling our young players every season just to cover our debts.